"The market remains locked in a congestive pattern. We continue to trade within the confines of a triangle pattern on the dailies. If we do breakout of the triangle in the coming week, price action would be better on the upside," White says.

But, there is a slight bias to the short side on Monday, as the market had a new short-term high on Friday but closed below the close of the previous two days (double reversal day), White says.

"This pattern is generally bearish for the next trading day but the market usually tries to rally first," White says.